Need help with ID /Please help  

It is not Hans Wegner, nor RY Møbler, nor Carl Hansen. And it probably is not as early as 1954, although that is harder to say.
I don't know whose mark that is, but I've seen it before (here?), and I've never seen it identified. Here is another "CHO" piece with very distinctive handles:
http://www.metroretrofurniture.com/cgi-bin/store_drm.pl?item=9335&cameFr...

Let's expand on this. Carl Hansen was the beginning of Wegner's factory collaborations. He almost entirely designed chairs for Carl Hansen, but there were a few other pieces, like the sabre-leg sideboard. Then Carl Hansen and Wegner got more factories involved and production became more specialized. RY Møbler was formed as part of this new Salesco organization, and its specialty was case goods, like this piece.
In this case we are lucky that all the companies you mentioned were extremely reliable about marking there pieces, so we know what there marks look like. First, that is not a Carl Hansen & Søn mark, and would not be one because of the "O". Second RY Møbler's mark was a dark triangle with a light RY. So there just isn't much way for CHO to be RY.
As to the 1954, the set of dressers I posted also has a Danish Furniture Control medallion, which didn't exist before 1959. Any of this "Cho" marked product is not very commonly seen so it stands to reason not much was made. I would say that suggests your piece is from a little before 1959. Also there was very little factory production teak furniture before 1956 (or 58), when Juhl's Spadestolen went into production, which simultaneously suggests a date on the piece of the late 1950s at the earliest.
Photos of more details might be interesting, and maybe somebody will come along who knows what CHO stands for. If it were mine, though, I would start trying to find other CHO marked pieces, or other pieces that are clearly from the same factory, even without a mark on the hopes that something connects somewhere.

I appreciate all your input. It is greatly appreciated to find a group of ppl who are willing to take the time to offer their opinion and knowledge / thank you thank you 🙂
I suppose i will have to do a little more research and dig a little deeper to find the answers i am looking for.

This was made by Hundevad & Co, which is a completely different company from Poul Hundevad.